This form of assurance is specially designed to meet the case of a business partnership where, on the death of one of the partner, a share of the capital has to be withdrawn from the business. By paying the premium on a Joint-life (or Partnership) Policy out of the profits of the firm the loss of capital, which would otherwise occur on the death of one of the partners, is made good by the Insurance Department without delay to the survivor.

Table E.

Partnership Assurance (with Profits).

Yearly Premiums to secure £100, payable at First Death.

Example.

In the case of two partners whose nearest ages are 25 and 30, £32 10s. 10d. per annum will assure £1,000 and profits, payable at the first death.